Light & Wonder Inc. ( (LNW) ) has released its Q1 earnings. Here is a breakdown of the information Light & Wonder Inc. presented to its investors.
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Light & Wonder, Inc. is a leading cross-platform global games company, known for delivering immersive gaming experiences across its three business segments: Gaming, SciPlay, and iGaming. The company is recognized for its diverse portfolio of game franchises and commitment to player engagement and monetization.
In its first quarter of 2025, Light & Wonder reported its 16th consecutive quarter of year-over-year revenue growth, with consolidated revenue reaching $774 million, a 2% increase from the previous year. The company also expanded its margins across all business segments, contributing to strong cash flow generation and a significant share repurchase program.
Key financial highlights include a 4% increase in gaming revenue to $495 million, driven by growth in table products and gaming systems. Despite a 2% decrease in SciPlay revenue, the segment outperformed the social casino market, with strong payer metrics and increased direct-to-consumer revenue. iGaming also saw a 4% revenue increase, reflecting momentum in North America.
Looking ahead, Light & Wonder remains focused on its strategic initiatives, including the pending acquisition of Grover Gaming’s charitable gaming business, which is expected to enhance its omni-channel strategy. The company is confident in achieving its 2025 financial targets, supported by ongoing operational efficiencies and a robust product roadmap.
With a solid foundation of talent and a comprehensive game portfolio, Light & Wonder is well-positioned for long-term success, aiming to continue its trajectory of growth and value creation for shareholders.